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Merqatrx Furor
(154465752)

Created by: Merqatrx Merqatrx
Started: 02/2026
Stocks
Last trade: 2 days ago
Trading style: Equity Hedged Equity Sector Rotation

Subscriptions not available

No subscriptions are currently available for this strategy because the strategy manager has capped the maximum number of subscribers.

Subscription terms. Subscriptions to this system cost $119.00 per month.

C2Star

C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.

You can read more about C2Star certification requirements here.

Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.

Trading Category: Equity
Hedged Equity
Category: Equity

Hedged Equity

Core holding of long equities hedged at all times with short sales of stocks and/or stock index options.
Sector Rotation
Category: Equity

Sector Rotation

Uses the proceeds from the sale of securities related to a particular investment sector for the purchase of securities in another sector. This strategy is used as a method for capturing returns from market cycles and diversifying holdings over a specified holding period.
2.8%
Cumul. Return

Rate of Return Calculations

Overview

To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.

How Cumulative Rate of Return is calculated

= (Ending_equity - Starting_equity) / Starting_equity

Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in marked-to-market equity calculations.

All results are hypothetical.

(10.3%)
Max Drawdown
266
Num Trades
51.5%
Win Trades
1.2 : 1
Profit Factor
50.0%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2026       +2.0%+6.8%(2.9%)(4.5%)+3.5%(1.7%)                              +2.8%

Model Account Details

A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.

Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.

Trading Record

Download CSV
Long
Short
Both
Win
Loss
Both
Show More details Show Fewer details
Opened Date/TimeSymbolDescriptionSideQuantAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
7/9/26 15:57 UPRO PROSHARES ULTRAPRO S&P 500 LONG 17 144.19 7/10 15:55 146.27 0.03%
Trade id #156856528
Max drawdown($32)
Time7/10/26 10:33
Quant open17
Worst price142.27
Drawdown as % of equity-0.03%
 $35
Includes Typical Broker Commissions trade costs of $0.34
7/9/26 15:57 TMV DIREXION DAILY 20+ YEAR TREASURY BEAR 3X ETF LONG 64 39.38 7/10 15:55 39.48 0.01%
Trade id #156856532
Max drawdown($8)
Time7/10/26 11:56
Quant open64
Worst price39.25
Drawdown as % of equity-0.01%
 $5
Includes Typical Broker Commissions trade costs of $1.28
7/7/26 15:56 UGL PROSHARES ULTRA GOLD LONG 111 46.02 7/8 15:56 45.20 0.22%
Trade id #156823110
Max drawdown($236)
Time7/8/26 11:32
Quant open111
Worst price43.89
Drawdown as % of equity-0.22%
 ($93)
Includes Typical Broker Commissions trade costs of $2.22
7/1/26 15:55 SOXL DIREXION DAILY SEMICONDUCTOR BULL 3X ETF LONG 23 218.35 7/7 15:56 168.50 1.07%
Trade id #156769706
Max drawdown($1,137)
Time7/2/26 0:00
Quant open23
Worst price168.88
Drawdown as % of equity-1.07%
 ($1,146)
Includes Typical Broker Commissions trade costs of $0.46
7/2/26 15:56 TMF DIREXION DAILY 20+ YEAR TREASURY BULL 3X ETF LONG 75 34.80 7/7 15:56 33.57 0.09%
Trade id #156783884
Max drawdown($94)
Time7/7/26 15:18
Quant open75
Worst price33.54
Drawdown as % of equity-0.09%
 ($94)
Includes Typical Broker Commissions trade costs of $1.50
6/29/26 15:56 TQQQ PROSHARES ULTRAPRO QQQ LONG 66 76.91 7/1 15:55 77.66 0.01%
Trade id #156738870
Max drawdown($5)
Time6/29/26 16:00
Quant open66
Worst price76.83
Drawdown as % of equity-0.01%
 $49
Includes Typical Broker Commissions trade costs of $1.32
6/26/26 15:56 EDC DIREXION DAILY MSCI EMERGING MARKETS BULL 3X ETF LONG 31 84.64 6/30 15:56 88.69 0.14%
Trade id #156720830
Max drawdown($147)
Time6/29/26 0:00
Quant open31
Worst price79.87
Drawdown as % of equity-0.14%
 $125
Includes Typical Broker Commissions trade costs of $0.62
6/24/26 15:56 TLT ISHARES 20+ YEAR TREASURY BOND LONG 59 87.36 6/29 15:56 87.53 0.02%
Trade id #156692329
Max drawdown($21)
Time6/26/26 0:00
Quant open59
Worst price87.00
Drawdown as % of equity-0.02%
 $9
Includes Typical Broker Commissions trade costs of $1.18
6/17/26 15:55 EUM PROSHARES SHORT MSCI EMERGING LONG 899 15.46 6/26 15:56 15.62 0.29%
Trade id #156615670
Max drawdown($304)
Time6/18/26 0:00
Quant open597
Worst price15.14
Drawdown as % of equity-0.29%
 $132
Includes Typical Broker Commissions trade costs of $11.17
6/17/26 15:55 EDZ DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X ETF LONG 1,876 14.34 6/26 15:56 14.67 1.66%
Trade id #156615672
Max drawdown($1,750)
Time6/18/26 0:00
Quant open1,137
Worst price13.45
Drawdown as % of equity-1.66%
 $615
Includes Typical Broker Commissions trade costs of $11.02
6/18/26 15:56 TMF DIREXION DAILY 20+ YEAR TREASURY BULL 3X ETF LONG 68 36.33 6/24 15:56 36.72 0.08%
Trade id #156628930
Max drawdown($76)
Time6/23/26 0:00
Quant open68
Worst price35.21
Drawdown as % of equity-0.08%
 $26
Includes Typical Broker Commissions trade costs of $1.36
6/23/26 15:55 TECL DIREXION DAILY TECHNOLOGY BULL 3X ETF LONG 12 211.75 6/24 15:56 204.71 0.15%
Trade id #156675356
Max drawdown($160)
Time6/24/26 15:14
Quant open12
Worst price198.40
Drawdown as % of equity-0.15%
 ($84)
Includes Typical Broker Commissions trade costs of $0.24
6/22/26 15:58 UMDD PROSHARES ULTRAPRO MIDCAP400 LONG 68 36.39 6/23 15:55 35.24 0.13%
Trade id #156662922
Max drawdown($128)
Time6/23/26 9:37
Quant open68
Worst price34.50
Drawdown as % of equity-0.13%
 ($79)
Includes Typical Broker Commissions trade costs of $1.36
6/11/26 15:55 SOXS DIREXION DAILY SEMICONDUCTOR BEAR 3X ETF LONG 1,308 4.72 6/18 15:56 3.68 1.42%
Trade id #156546004
Max drawdown($1,443)
Time6/18/26 15:47
Quant open1,137
Worst price3.45
Drawdown as % of equity-1.42%
 ($1,372)
Includes Typical Broker Commissions trade costs of $9.49
6/16/26 15:55 EDC DIREXION DAILY MSCI EMERGING MARKETS BULL 3X ETF LONG 27 92.31 6/17 15:55 91.69 0.04%
Trade id #156602411
Max drawdown($37)
Time6/17/26 15:52
Quant open27
Worst price90.91
Drawdown as % of equity-0.04%
 ($18)
Includes Typical Broker Commissions trade costs of $0.54
6/11/26 15:55 EDZ DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X ETF LONG 1,102 15.97 6/16 15:55 14.44 1.83%
Trade id #156546009
Max drawdown($1,929)
Time6/15/26 0:00
Quant open1,102
Worst price14.21
Drawdown as % of equity-1.83%
 ($1,691)
Includes Typical Broker Commissions trade costs of $12.75
6/11/26 15:55 BGX BLACKSTONE LONG SHORT CREDIT INCOME FUND LONG 1,722 10.84 6/16 15:55 10.85 0.02%
Trade id #156546014
Max drawdown($24)
Time6/11/26 15:58
Quant open1,220
Worst price10.82
Drawdown as % of equity-0.02%
 $5
Includes Typical Broker Commissions trade costs of $7.50
6/11/26 15:55 TQQQ PROSHARES ULTRAPRO QQQ LONG 154 78.84 6/16 15:55 80.36 0.18%
Trade id #156546025
Max drawdown($184)
Time6/12/26 0:00
Quant open103
Worst price74.29
Drawdown as % of equity-0.18%
 $231
Includes Typical Broker Commissions trade costs of $3.08
6/15/26 15:55 EUM PROSHARES SHORT MSCI EMERGING LONG 62 15.41 6/16 15:55 15.63 0%
Trade id #156589291
Max drawdown($1)
Time6/15/26 16:00
Quant open62
Worst price15.38
Drawdown as % of equity-0.00%
 $13
Includes Typical Broker Commissions trade costs of $1.24
6/15/26 15:55 TLT ISHARES 20+ YEAR TREASURY BOND LONG 21 85.75 6/16 15:55 86.25 0%
Trade id #156589295
Max drawdown($1)
Time6/15/26 16:00
Quant open21
Worst price85.66
Drawdown as % of equity-0.00%
 $11
Includes Typical Broker Commissions trade costs of $0.42
6/11/26 15:55 TECL DIREXION DAILY TECHNOLOGY BULL 3X ETF LONG 50 210.36 6/16 15:55 222.67 0.29%
Trade id #156545996
Max drawdown($301)
Time6/12/26 0:00
Quant open50
Worst price204.34
Drawdown as % of equity-0.29%
 $615
Includes Typical Broker Commissions trade costs of $1.00
6/11/26 15:55 QLD PROSHARES ULTRA QQQ LONG 63 92.24 6/15 15:55 98.95 0.09%
Trade id #156546000
Max drawdown($90)
Time6/12/26 0:00
Quant open63
Worst price90.80
Drawdown as % of equity-0.09%
 $422
Includes Typical Broker Commissions trade costs of $1.26
6/11/26 15:55 VGT VANGUARD INFORMATION TECHNOLOG LONG 75 116.06 6/15 15:55 120.59 0.08%
Trade id #156546027
Max drawdown($82)
Time6/12/26 0:00
Quant open75
Worst price114.96
Drawdown as % of equity-0.08%
 $339
Includes Typical Broker Commissions trade costs of $1.50
6/5/26 15:55 TECL DIREXION DAILY TECHNOLOGY BULL 3X ETF LONG 50 204.54 6/10 15:55 189.49 1.36%
Trade id #156451378
Max drawdown($1,445)
Time6/9/26 0:00
Quant open50
Worst price175.62
Drawdown as % of equity-1.36%
 ($754)
Includes Typical Broker Commissions trade costs of $1.00
6/5/26 15:55 QLD PROSHARES ULTRA QQQ LONG 69 90.06 6/10 15:55 86.89 0.35%
Trade id #156451380
Max drawdown($377)
Time6/9/26 0:00
Quant open69
Worst price84.60
Drawdown as % of equity-0.35%
 ($220)
Includes Typical Broker Commissions trade costs of $1.38
6/5/26 15:55 TQQQ PROSHARES ULTRAPRO QQQ LONG 111 73.69 6/10 15:55 69.67 0.72%
Trade id #156451385
Max drawdown($765)
Time6/9/26 0:00
Quant open111
Worst price66.79
Drawdown as % of equity-0.72%
 ($448)
Includes Typical Broker Commissions trade costs of $2.22
6/5/26 15:55 VGT VANGUARD INFORMATION TECHNOLOG LONG 72 115.68 6/10 15:55 112.57 0.36%
Trade id #156451387
Max drawdown($383)
Time6/9/26 0:00
Quant open72
Worst price110.35
Drawdown as % of equity-0.36%
 ($225)
Includes Typical Broker Commissions trade costs of $1.44
6/5/26 15:55 BGX BLACKSTONE LONG SHORT CREDIT INCOME FUND LONG 1,229 10.82 6/10 15:55 10.83 0.09%
Trade id #156451393
Max drawdown($98)
Time6/8/26 0:00
Quant open1,229
Worst price10.74
Drawdown as % of equity-0.09%
 $7
Includes Typical Broker Commissions trade costs of $5.00
6/8/26 15:55 SOXS DIREXION DAILY SEMICONDUCTOR BEAR 3X ETF LONG 911 5.67 6/9 15:55 6.08 0.45%
Trade id #156478429
Max drawdown($482)
Time6/9/26 9:47
Quant open911
Worst price5.14
Drawdown as % of equity-0.45%
 $369
Includes Typical Broker Commissions trade costs of $5.00
6/4/26 15:55 SOXS DIREXION DAILY SEMICONDUCTOR BEAR 3X ETF LONG 973 5.20 6/5 15:55 6.72 0.01%
Trade id #156425692
Max drawdown($9)
Time6/4/26 15:58
Quant open973
Worst price5.19
Drawdown as % of equity-0.01%
 $1,474
Includes Typical Broker Commissions trade costs of $5.00

Statistics

  • Strategy began
    2/6/2026
  • Suggested Minimum Cap
    $15,000
  • Strategy Age (days)
    156.23
  • Age
    156 days ago
  • What it trades
    Stocks
  • # Trades
    266
  • # Profitable
    137
  • % Profitable
    51.50%
  • Avg trade duration
    7.9 days
  • Max peak-to-valley drawdown
    10.34%
  • drawdown period
    April 20, 2026 - May 27, 2026
  • Cumul. Return
    2.8%
  • Avg win
    $216.24
  • Avg loss
    $205.81
  • Model Account Values (Raw)
  • Cash
    $61,422
  • Margin Used
    ($37,830)
  • Buying Power
    $98,632
  • Ratios
  • W:L ratio
    1.20:1
  • Sharpe Ratio
    0.33
  • Sortino Ratio
    0.51
  • Calmar Ratio
    1.208
  • CORRELATION STATISTICS
  • Return of Strat Pcnt - Return of SP500 Pcnt (cumu)
    -6.51%
  • Correlation to SP500
    -0.18620
  • Return Percent SP500 (cumu) during strategy life
    9.28%
  • Return Statistics
  • Ann Return (w trading costs)
    6.5%
  • Slump
  • Current Slump as Pcnt Equity
    7.90%
  • Instruments
  • Percent Trades Futures
    n/a
  • Slump
  • Current Slump, time of slump as pcnt of strategy life
    0.53%
  • Return Statistics
  • Return Pcnt Since TOS Status
    n/a
  • Instruments
  • Short Options - Percent Covered
    100.00%
  • Return Statistics
  • Return Pcnt (Compound or Annual, age-based, NFA compliant)
    0.028%
  • Instruments
  • Percent Trades Options
    n/a
  • Percent Trades Stocks
    1.00%
  • Percent Trades Forex
    n/a
  • Return Statistics
  • Ann Return (Compnd, No Fees)
    10.6%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 10% account loss
    27.50%
  • Chance of 20% account loss
    n/a
  • Chance of 30% account loss
    n/a
  • Chance of 40% account loss
    n/a
  • Chance of 60% account loss (Monte Carlo)
    n/a
  • Chance of 70% account loss (Monte Carlo)
    n/a
  • Chance of 80% account loss (Monte Carlo)
    n/a
  • Chance of 90% account loss (Monte Carlo)
    n/a
  • Automation
  • Percentage Signals Automated
    100.00%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 50% account loss
    n/a
  • Popularity
  • Popularity (Today)
    0
  • Popularity (Last 6 weeks)
    0
  • Trading Style
  • Any stock shorts? 0/1
    0
  • Popularity
  • C2 Score
    921
  • Popularity (7 days, Percentile 1000 scale)
    0
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Loss
    $208
  • Avg Win
    $217
  • Sum Trade PL (losers)
    $26,617.000
  • Age
  • Num Months filled monthly returns table
    6
  • Win / Loss
  • Sum Trade PL (winners)
    $29,997.000
  • # Winners
    138
  • Num Months Winners
    3
  • Dividends
  • Dividends Received in Model Acct
    1059
  • Win / Loss
  • # Losers
    128
  • % Winners
    51.9%
  • Frequency
  • Avg Position Time (mins)
    11415.50
  • Avg Position Time (hrs)
    190.26
  • Avg Trade Length
    7.9 days
  • Last Trade Ago
    2
  • Leverage
  • Daily leverage (average)
    1.28
  • Daily leverage (max)
    2.83
  • Regression
  • Alpha
    0.03
  • Beta
    -0.20
  • Treynor Index
    -0.08
  • Maximum Adverse Excursion (MAE)
  • MAE:Equity, average, all trades
    0.00
  • MAE:PL - worst single value for strategy
    -
  • MAE:PL (avg, winning trades)
    -
  • MAE:PL (avg, losing trades)
    -
  • MAE:PL (avg, all trades)
    -0.13
  • MAE:Equity, average, winning trades
    0.00
  • MAE:Equity, average, losing trades
    0.00
  • Avg(MAE) / Avg(PL) - All trades
    27.750
  • MAE:Equity, losing trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, win trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, 95th Percentile Value for this strat
    0.00
  • Avg(MAE) / Avg(PL) - Winning trades
    0.438
  • Avg(MAE) / Avg(PL) - Losing trades
    -1.441
  • Hold-and-Hope Ratio
    0.049
  • Analysis based on MONTHLY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.11171
  • SD
    0.17756
  • Sharpe ratio (Glass type estimate)
    0.62913
  • Sharpe ratio (Hedges UMVUE)
    0.50197
  • df
    4.00000
  • t
    0.40610
  • p
    0.35273
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -2.47314
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.65759
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -2.55425
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.55820
  • Statistics related to Sortino ratio
  • Sortino ratio
    1.10644
  • Upside Potential Ratio
    3.03338
  • Upside part of mean
    0.30626
  • Downside part of mean
    -0.19455
  • Upside SD
    0.12676
  • Downside SD
    0.10096
  • N nonnegative terms
    3.00000
  • N negative terms
    2.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    5.00000
  • Mean of predictor
    0.18450
  • Mean of criterion
    0.11171
  • SD of predictor
    0.14324
  • SD of criterion
    0.17756
  • Covariance
    -0.02015
  • r
    -0.79222
  • b (slope, estimate of beta)
    -0.98208
  • a (intercept, estimate of alpha)
    0.29290
  • Mean Square Error
    0.01565
  • DF error
    3.00000
  • t(b)
    -2.24857
  • p(b)
    0.94496
  • t(a)
    1.39534
  • p(a)
    0.12863
  • Lowerbound of 95% confidence interval for beta
    -2.37203
  • Upperbound of 95% confidence interval for beta
    0.40788
  • Lowerbound of 95% confidence interval for alpha
    -0.37514
  • Upperbound of 95% confidence interval for alpha
    0.96094
  • Treynor index (mean / b)
    -0.11375
  • Jensen alpha (a)
    0.29290
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.09847
  • SD
    0.17701
  • Sharpe ratio (Glass type estimate)
    0.55631
  • Sharpe ratio (Hedges UMVUE)
    0.44387
  • df
    4.00000
  • t
    0.35910
  • p
    0.36884
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -2.53554
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.58261
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -2.60803
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.49577
  • Statistics related to Sortino ratio
  • Sortino ratio
    0.94854
  • Upside Potential Ratio
    2.86904
  • Upside part of mean
    0.29786
  • Downside part of mean
    -0.19938
  • Upside SD
    0.12287
  • Downside SD
    0.10382
  • N nonnegative terms
    3.00000
  • N negative terms
    2.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    5.00000
  • Mean of predictor
    0.17492
  • Mean of criterion
    0.09847
  • SD of predictor
    0.13840
  • SD of criterion
    0.17701
  • Covariance
    -0.01960
  • r
    -0.80015
  • b (slope, estimate of beta)
    -1.02338
  • a (intercept, estimate of alpha)
    0.27749
  • Mean Square Error
    0.01503
  • DF error
    3.00000
  • t(b)
    -2.31057
  • p(b)
    0.94801
  • t(a)
    1.35279
  • p(a)
    0.13452
  • Lowerbound of 95% confidence interval for beta
    -2.43292
  • Upperbound of 95% confidence interval for beta
    0.38616
  • Lowerbound of 95% confidence interval for alpha
    -0.37531
  • Upperbound of 95% confidence interval for alpha
    0.93028
  • Treynor index (mean / b)
    -0.09622
  • Jensen alpha (a)
    0.27749
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.07304
  • Expected Shortfall on VaR
    0.09246
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.03297
  • Expected Shortfall on VaR
    0.06175
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    5.00000
  • Minimum
    0.93987
  • Quartile 1
    0.98373
  • Median
    1.02137
  • Quartile 3
    1.04179
  • Maximum
    1.07144
  • Mean of quarter 1
    0.96180
  • Mean of quarter 2
    1.02137
  • Mean of quarter 3
    1.04179
  • Mean of quarter 4
    1.07144
  • Inter Quartile Range
    0.05806
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    0.00000
  • Percentage of outliers high
    0.00000
  • Mean of outliers high
    0.00000
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    0.00000
  • VaR(95%) (regression method)
    0.00000
  • Expected Shortfall (regression method)
    0.00000
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    1.00000
  • Minimum
    0.06013
  • Quartile 1
    0.06013
  • Median
    0.06013
  • Quartile 3
    0.06013
  • Maximum
    0.06013
  • Mean of quarter 1
    0.00000
  • Mean of quarter 2
    0.00000
  • Mean of quarter 3
    0.00000
  • Mean of quarter 4
    0.00000
  • Inter Quartile Range
    0.00000
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    0.00000
  • Percentage of outliers high
    0.00000
  • Mean of outliers high
    0.00000
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    0.00000
  • VaR(95%) (regression method)
    0.00000
  • Expected Shortfall (regression method)
    0.00000
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.12977
  • Compounded annual return (geometric extrapolation)
    0.13472
  • Calmar ratio (compounded annual return / max draw down)
    2.24030
  • Compounded annual return / average of 25% largest draw downs
    0.00000
  • Compounded annual return / Expected Shortfall lognormal
    1.45699
  • 0.00000
  • 0.00000
  • Analysis based on DAILY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.08886
  • SD
    0.15069
  • Sharpe ratio (Glass type estimate)
    0.58967
  • Sharpe ratio (Hedges UMVUE)
    0.58560
  • df
    109.00000
  • t
    0.38208
  • p
    0.47672
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -2.43748
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.61423
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -2.44023
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.61144
  • Statistics related to Sortino ratio
  • Sortino ratio
    0.94286
  • Upside Potential Ratio
    8.74726
  • Upside part of mean
    0.82435
  • Downside part of mean
    -0.73549
  • Upside SD
    0.11683
  • Downside SD
    0.09424
  • N nonnegative terms
    55.00000
  • N negative terms
    55.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    110.00000
  • Mean of predictor
    0.19351
  • Mean of criterion
    0.08886
  • SD of predictor
    0.14236
  • SD of criterion
    0.15069
  • Covariance
    -0.00356
  • r
    -0.16599
  • b (slope, estimate of beta)
    -0.17570
  • a (intercept, estimate of alpha)
    0.12300
  • Mean Square Error
    0.02229
  • DF error
    108.00000
  • t(b)
    -1.74929
  • p(b)
    0.58300
  • t(a)
    0.53136
  • p(a)
    0.47447
  • Lowerbound of 95% confidence interval for beta
    -0.37480
  • Upperbound of 95% confidence interval for beta
    0.02339
  • Lowerbound of 95% confidence interval for alpha
    -0.33544
  • Upperbound of 95% confidence interval for alpha
    0.58116
  • Treynor index (mean / b)
    -0.50572
  • Jensen alpha (a)
    0.12286
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.07765
  • SD
    0.15005
  • Sharpe ratio (Glass type estimate)
    0.51749
  • Sharpe ratio (Hedges UMVUE)
    0.51392
  • df
    109.00000
  • t
    0.33531
  • p
    0.47957
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -2.50928
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.54196
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -2.51169
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.53953
  • Statistics related to Sortino ratio
  • Sortino ratio
    0.81751
  • Upside Potential Ratio
    8.60742
  • Upside part of mean
    0.81755
  • Downside part of mean
    -0.73990
  • Upside SD
    0.11538
  • Downside SD
    0.09498
  • N nonnegative terms
    55.00000
  • N negative terms
    55.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    110.00000
  • Mean of predictor
    0.18339
  • Mean of criterion
    0.07765
  • SD of predictor
    0.14230
  • SD of criterion
    0.15005
  • Covariance
    -0.00362
  • r
    -0.16973
  • b (slope, estimate of beta)
    -0.17897
  • a (intercept, estimate of alpha)
    0.11047
  • Mean Square Error
    0.02207
  • DF error
    108.00000
  • t(b)
    -1.78990
  • p(b)
    0.58487
  • t(a)
    0.48031
  • p(a)
    0.47692
  • Lowerbound of 95% confidence interval for beta
    -0.37717
  • Upperbound of 95% confidence interval for beta
    0.01923
  • Lowerbound of 95% confidence interval for alpha
    -0.34543
  • Upperbound of 95% confidence interval for alpha
    0.56637
  • Treynor index (mean / b)
    -0.43386
  • Jensen alpha (a)
    0.11047
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.01484
  • Expected Shortfall on VaR
    0.01864
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.00646
  • Expected Shortfall on VaR
    0.01272
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    110.00000
  • Minimum
    0.97619
  • Quartile 1
    0.99708
  • Median
    1.00015
  • Quartile 3
    1.00312
  • Maximum
    1.03488
  • Mean of quarter 1
    0.99022
  • Mean of quarter 2
    0.99892
  • Mean of quarter 3
    1.00157
  • Mean of quarter 4
    1.01106
  • Inter Quartile Range
    0.00605
  • Number outliers low
    9.00000
  • Percentage of outliers low
    0.08182
  • Mean of outliers low
    0.98265
  • Number of outliers high
    7.00000
  • Percentage of outliers high
    0.06364
  • Mean of outliers high
    1.02454
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    -0.00539
  • VaR(95%) (moments method)
    0.00793
  • Expected Shortfall (moments method)
    0.01101
  • Extreme Value Index (regression method)
    -0.84809
  • VaR(95%) (regression method)
    0.01055
  • Expected Shortfall (regression method)
    0.01173
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    9.00000
  • Minimum
    0.00005
  • Quartile 1
    0.00163
  • Median
    0.00536
  • Quartile 3
    0.01054
  • Maximum
    0.09215
  • Mean of quarter 1
    0.00100
  • Mean of quarter 2
    0.00384
  • Mean of quarter 3
    0.00829
  • Mean of quarter 4
    0.05201
  • Inter Quartile Range
    0.00891
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    1.00000
  • Percentage of outliers high
    0.11111
  • Mean of outliers high
    0.09215
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    1.02052
  • VaR(95%) (moments method)
    0.05286
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    4.91062
  • VaR(95%) (regression method)
    0.50215
  • Expected Shortfall (regression method)
    0.00000
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.10793
  • Compounded annual return (geometric extrapolation)
    0.11133
  • Calmar ratio (compounded annual return / max draw down)
    1.20811
  • Compounded annual return / average of 25% largest draw downs
    2.14038
  • Compounded annual return / Expected Shortfall lognormal
    5.97148
  • Analysis based on DAILY values, last 6 months only
  • RATIO STATISTICS
  • Ratio statistics of excess log return rates
  • Statistics related to linear regression on benchmark
  • VAR (95 Confidence Intrvl)
    0.01500
  • DRAW DOWN STATISTICS
  • Risk estimates based on draw downs (based on Extreme Value T
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • Last 4 Months - Pcnt Negative
    0.75%
  • Strat Max DD how much worse than SP500 max DD during strat life?
    -383524000
  • Max Equity Drawdown (num days)
    37

Strategy Description

Mercatrix (Latin: The Trader) – reinvented as the modern trading system "Merqatrx", presenting the "Furor" strategy.

Furor is a highly complex, rules-based investment strategy based on daily rebalancing, using technical indicators to switch between aggressive growth phases and defensive hedges.

Core Concept and Market Timing
The portfolio follows a systematic approach for the Equities asset class, with strict market-timing controls. When equity markets experience unusually sharp short-term declines, the system reallocates towards short-term Treasuries to prioritize capital preservation. A central tool is the Relative Strength Index (RSI): when indices such as SPY or QQQ become clearly overbought, the strategy rotates into volatility products or other defensive assets instead of chasing late-stage moves.

Strategic Segments and Weighting
The portfolio is divided into several functional groups to cover different market scenarios. A "Timing the Market" sleeve uses RSI-based signals to shift between equity exposure and a diversified "VIX blend" containing volatility and defensive instruments. A Leveraged ETF sleeve makes targeted use of products such as TQQQ, SOXL, and UPRO, with a focus on exploiting pronounced pullbacks rather than buying strength at any price. A Foreign Markets component can allocate a meaningful share of capital to international equities, such as emerging markets, guided by long-term trend filters like major moving averages. A "Spice" and "Special Strategies" sleeve seeks to capture explosive moves in volatility instruments like UVXY when selected sector or market indicators reach extreme conditions.

Risk Management and Hedging
A key feature is the specialized protection architecture. Black Swan Catcher and "Volmageddon" modules continuously monitor for extreme events, responding to sudden volatility shocks or heavy drawdowns in volatility-linked ETFs. For defense, the strategy not only uses cash-like vehicles but also employs inverse ETFs and market-neutral funds such as BTAL to reduce net equity exposure when risk conditions deteriorate. The interaction between short- and long-term Treasuries serves as an additional gauge of risk appetite and helps guide the balance between offense and defense.

The system combines trend-following techniques with mean-reversion logic, aiming to participate in powerful bull phases while maintaining robust downside protection in bear markets via short exposure and volatility-based positioning.
Trade this strategy at Tradier

Summary Statistics

Strategy began
2026-02-06
Suggested Minimum Capital
$15,000
Rank at C2 %
Top 7.9%
Rank # 
#363
# Trades
266
# Profitable
137
% Profitable
51.5%
Net Dividends
$1,058
Correlation S&P500
-0.186
Sharpe Ratio
0.33
Sortino Ratio
0.51
Beta
-0.20
Alpha
0.03
Leverage
1.28 Average
2.83 Maximum
Summary
Higher leverage = greater risk.

More information about leverage

Collective2 calculates the maximum leverage used by a strategy in each day. We then display the average of these measurements (i.e. the average daily maximum leverage) and the greatest of these measurements (maximum daily leverage).

Leverage is the ratio of total notional value controlled by a strategy divided by its Model Account equity. Generally higher leverage implies greater risk.

Example of calculation:
The Strategy buys 100 shares of stock at $12 per share.
The Model Account equity during that day is $5,000.
The leverage is: $1200 / $5,000 = 0.24

This is a useful measurement, but it should be considered in context. This measurement doesn't take into account important factors, such as when multiple positions are held that are inversely correlated. Nor does the measurement take into account the volatility of the instruments being held.

In addition, certain asset classes are inherently more leveraged than others. For example, futures contracts are highly leveraged. Forex positions are often even more leveraged than futures.

Latest Activity

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Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.

Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.

Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.

About the results you see on this Web site

Past results are not necessarily indicative of future results.

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Material assumptions and methods used when calculating results

The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.

  • Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
  • Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been re-scaled downward to make current go-forward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
  • All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any per-trade AutoTrade fees, plus estimated broker commissions if any.
  • "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.

Trading is risky

There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.

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This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.